PC vs next gen consoles

I Have a little outdated kit
-Intel Core i5-2400
-H67 chipset based GIGABYTE mobo
-AMD HD 6870

can this kit compete with next gen consoles hardware? will run next gen games at least at medium or high settings?
note: heard PS4 will have A8-3850 APU and HD 7670 GPU based
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  1. Hi :)

    All you have to do is dump your low end graphics card and buy something like a 7990 and you are all set...

    All the best Brett :)
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